Dimensional Fund Advisors LP Purchases 182,916 Shares of Canada Goose Holdings Inc. $GOOS

Key Points

• Dimensional Fund Advisors increased its Canada Goose position by 47.5%, purchasing 182,916 additional shares for a total of 568,377 shares valued at approximately $6.23 million. Institutional investors collectively own 83.64% of the company.
• Canada Goose reported quarterly revenue of $83.71 million, up 10.3% year over year and above analyst estimates, while its adjusted loss of $0.64 per share was narrower than expected.
• Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce”, with five Sell, three Hold, and one Buy rating, despite TD Cowen raising its price target to $18.

Dimensional Fund Advisors LP grew its position in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 47.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 568,377 shares of the company's stock after buying an additional 182,916 shares during the period. Dimensional Fund Advisors LP owned 0.59% of Canada Goose worth $6,233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Canada Goose in the fourth quarter valued at approximately $27,000. PenderFund Capital Management Ltd. bought a new position in Canada Goose in the 3rd quarter worth approximately $45,000. US Bancorp DE purchased a new position in Canada Goose in the 3rd quarter valued at approximately $83,000. CANADA LIFE ASSURANCE Co grew its stake in Canada Goose by 30.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company's stock valued at $105,000 after buying an additional 1,893 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in Canada Goose during the 4th quarter valued at $138,000. Institutional investors own 83.64% of the company's stock.

Canada Goose Trading Up 0.6%

Shares of Canada Goose stock opened at $8.74 on Wednesday. Canada Goose Holdings Inc. has a 1 year low of $8.56 and a 1 year high of $15.40. The firm has a market cap of $849.49 million, a PE ratio of 22.42, a PEG ratio of 0.55 and a beta of 1.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97. The company has a 50 day simple moving average of $9.47 and a two-hundred day simple moving average of $10.66.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.64) EPS for the quarter, topping analysts' consensus estimates of ($0.70) by $0.06. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. The firm had revenue of $83.71 million for the quarter, compared to analyst estimates of $76.34 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts expect that Canada Goose Holdings Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

GOOS has been the topic of a number of recent research reports. Weiss Ratings cut Canada Goose from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, July 28th. TD Cowen lifted their target price on Canada Goose from $13.00 to $18.00 and gave the company a "buy" rating in a report on Friday, July 31st. Zacks Research cut Canada Goose from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, August 3rd. Robert W. Baird set a $11.41 price target on shares of Canada Goose in a report on Friday, July 31st. Finally, Wall Street Zen lowered shares of Canada Goose from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $11.78.

Canada Goose Profile

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.

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